Fronsac Concludes a Private Placement of $ 475,160
2013年12月21日 - 12:36PM
Marketwired
Fronsac Concludes a Private Placement of $ 475,160
SAINT-JEAN-BAPTISTE, QUEBEC--(Marketwired - Dec 20, 2013) -
Fronsac Real Estate Investment Trust ("Fronsac" or the "Trust")
(TSX VENURE:GAZ.UN) is pleased to announce the conclusion today of
a private placement of 1,439,881 units (the "Units") at a
subscription price of $0,33 per Unit (the "Offering") for gross
proceeds of $ 475,160.73. The Units were subscribed by investors
pursuant to exemptions under Regulation 45-106 respecting
prospectus and registration exemptions.
The proceeds of the Offering will be used for working capital
purposes. No brokerage fees were paid by the Trust in connection
with the Offering.
The Units are subject to a four-month plus one-day hold period
from the closing date of the Offering, expiring on April 21, 2014,
pursuant to applicable securities legislation and the policies of
the TSX Venture Exchange. The Units offered in the Offering have
not been nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws, and
may not be offered or sold in the United States or to an account
for the benefit of US persons, absent such registration or an
exemption from registration.
Three insiders participated in the Offering by subscribing
606,062 Units in consideration of a total purchase price of $
200,000.46.
About Fronsac
Fronsac Real Estate Investment Trust is an open-ended trust that
acquires and owns high quality commercial real estate properties,
rented to strong tenants under long term, management free and net
leases.
Forward-Looking Statements
This press release contains forward-looking statements and
information as defined by applicable securities laws, including
statements relating to Fronsac and expectations of the management
regarding a proposed transaction and the expected benefits thereof.
There is no assurance that the proposed transaction will be carried
out and that the anticipated benefits will materialize. The
proposed transaction is subject to approval and consent of
stakeholders and there is no certainty that these will be achieved.
Fronsac warns the reader that actual events may differ materially
from current expectations due to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from the results anticipated in such statements.
Among these include the risks related to economic conditions, the
risks associated with the local real estate market, the dependence
to the financial condition of tenants, the uncertainties related to
real estate activities, the changes in interest rates, the
availability of financing in the form of debt or equity, the
effects related to the adoption of new standards, as well as other
risks and factors described from time to time in the documents
filed by Fronsac with securities regulators, including the
management report. Fronsac does not update or modify its
forward-looking statements even if future events occur or for any
other reason, unless required by law or any regulatory
authority.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Michel LassondePresident and CEOFronsac Real Estate Investment
Trust(450) 536-5328
Fronsac Real Estate Investment (TSXV:GAZ.UN)
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